ID thefts are no doubt expensive to afford. A recent survey conducted by Javelin Strategy & Research reveals that 9.3 million people in the US were the victims of ID thefts, causing a financial loss worth $52.6bn. There are many products that can save the consumers and small business managers from ID thefts.



There are insurers like AIG (American International Group), which covers 7mn people from ID thefts, which is a growth of 2mn people, as 34 percent respondents prefer to opt for ID security apart from other financial securities that the companies provide. Similarly STA (St. Paul Travelers Companies) has witnessed a marked increase in the number of people who have insured against ID thefts over a period of 18 months. In ID thefts the STA coverage spans over $5,000 for the workers recovering credit, $25,000 for loan reapplication and attorney fees. The Triple Alert plan from Experian provides ID-theft insurance from Virginia Surety worth $10,000, with a maximum lost-wage benefit of $2,000 only for $4.95 a month.



Inspite of such a wide financial coverage there are experts who undervalue the worth of ID insurance and give tips to avoid it. But they are in all respects right in doing it as survey shows that there are insurance companies who make the consumers buy the insurance. So, you must be careful while insuring your ID. If you want to save yourself from ID thefts go for reputed Insurance companies or there is always an Insurance policy to give you a back up.